New/Used Boat Sales: A Current Market Report
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- เผยแพร่เมื่อ 7 ก.พ. 2025
- Now that the MLF Invitationals season has ended, it is boat selling season for myself and many other touring pros. Because of this, I have done some research into the current boat market and in today’s episode, I’ll share with you my findings and my opinions on how the current boat market stacks up in your favor if you’re interested in purchasing a new or used boat.
I have owned nine (9) boats in my Bass fishing life. I have no love for any brand. A boat is something to use, sell and buy another one.
I would like to follow a site that would say do three simulated new buys and then track the depreciation say after a one year period, season to season.
Most people have no idea of what the true cost is in particular of an actual cost per trip is calculated.
Thanks....
It’s a great idea for a video.
Thanks for watching and commenting
Being that I am in Florida and with 20 years experience in the boating industry. We havent seen rock bottom, still have a ways to go. Manufacturers got greedy and overshot their mark with overinflated Covid prices and with the downturn in the Economy those Covid boaters that bought the pitch are now feeling it. If you look really closely you will se used prices all over the place because people dont understand that your depreciating asset is not going to be worth more money now then when you bought it. A lot of adjustment still has to happen and it will once the Economy squeezes people with large payments and they just give it back to the bank. If you are looking in this market its best to go with a prior to covid built boat to avoid all of the quality issues with lack of good workers that were in the factories when the boats were made. If you can hold out or have a boat already just be patient prices are not done driopping.
Good information, and I think your insight is probably going to prove to be pretty accurate.
The problem with used boats is Interest rates are retarded and double a normal boat payment. New intrests rates at 10-12% is insane and I have 800 credit score. I’ll just said F a $100,000 boat and built a SICK AF kayak and hooked up my 18’ Johnboat for River cat fishing and bass fishing. Both setups loaded less than 25k
Exactly! Guys are buying the boats in the used market that are affordable and making do rather than being drawn into the idea that a bass boat should cost $100,000.
Boats are way to high
Amen to that brother!
I totally agree!
And pair that with 10% interest and nobody will buy them.
If you think boat prices are too high, just wait until you need to have them maintained, insured, stored, fueled,……. B.O.A.T. = Bust Out Another Thousand
@@DougAlesUSA maintain is not that expensive, insurance is cheap I, pay under $400.00year full coverage in California,now storing it ,yes that is expensive
Good video, Mark. The other consideration is all of the add-ons, such as graphs, batteries, etc. I have a 2020 Ranger Z521. I’ve been tempted to get a new boat. But even with the great prices for remaining 2023 and 2024 models, when I factor in customizing the electronics, battery set-up, and trolling motor to match what I have now, the price shoots up by another $30K and I can’t justify it. But it sure is tempting, 😂
You bring up a very valid point. It’s actually the reason a lot of guys think about buying a boat like the boat I have for sale. A lot of pros get their “add ons” (graphs, batteries, trolling motors, power poles) through sponsors discounts. Therefore they are able to pass that savings on to the buyer. Thanks for watching and commenting!
Did the cost go up on supplies and parts? Yes. But like car dealers, boat manufacturers made a killing during the pandemik. They have a lot of markup to reduce even still. The price of new also drove up the price of used, they both will come down hopefully 🤞🏻
Also, lithium batteries are priced so high, when you can get a lead acid for less than $200, paying $1k for a lithium, adds up so fast!
Now people selling used boats are increasing pricing for the tech they have, when before, that wasn’t part of the equation, you see price A versus price B, with or without electronics….its madness I tell ya 😂
I wouldn't buy a new yacht unless it has a 20%. discount minimum. The sellers and dealers can sit on their stock, some have 2 year old new yachts still unsold. Let them sit on 'em.......
The market as a whole needs to re-adjust. There is no reason between cost of a vehicle, boat, and fishing. You need to be driving around with 200K worth of equipment. It's easy to point out interest rates, but as a whole the industry is out of control. There putting screens on boats larger than a lot of peoples laptop and computer screens. My grandfathers boat had a single 12V batter used to start the boat and run a trolling motor. We now have boats with 4 Lithium batteries and even that isn't enough. I'm waiting for the first manufacture to start offering batteries in the front and back of the boat just for the electronics. A camera guy filming in the back of a boat carries less electronics. I thought we were out there fishing. The worse part, is boats as whole have not improved enough to justify a 40 to 60 percent price increase for just the base. Let alone another 10 to 30 K in electronics. If your replacing your boat yearly, I would say even at a pro level your and irresponsible spender. I put an average of 50K miles on my truck a year for my job and I still wouldn't replace it yearly.
There has to be a lot of guys upside down on these boats even at 5+ years down the road at $100k with higher interest rates and 15+ year notes they are approving on them now.
@@Basscater81 I’m afraid I might be one of those guys you’re talking about. We’ll see?
I’ll take that phoenix off your hands for 10k cash.
Multiply by 7
What about this, pros choice marine has 2 2024 ranger 521R for a blow out price of $77900 that bin on there website for a month and new 2025 same package for $102k?
My opinion….they’re using the massive price difference to push the 2024 models. Get the older boats off the floor and deal with the outrageously priced 2025 later.
2023 are still in lots of
Or the boats are marked up so much they can offer discount on outgoing models and still make money. Just like car dealers selling cars AT MSRP! Dealer has an invoice amount too…the invoice is far less than MSRP, if you don’t negotiate, it’s your loss.
Finally the power is coming back to the buyer, not all with the seller…
I have a feeling a lot of pro anglers are going to be contemplating keeping their boats. Hopefully sponsors are understanding with guys keeping boats a second year.
Time will tell on that one. Thanks Tim.
The boating and powersports markets will be bleeding out for a few years. I anticipate buying in winter ‘25-spring ‘26. Theres already been some decent deals BUT itll get juicier!
Theres a ass for every seat if someone wants it they will get it one way or another... my 2024 caymas cx21 30 hours 85,900 new caymas 2025 cx21 rigged the same 102,000 ... ill take the buy at 85,900..... w 7 yrs warranty
People way over paid during COVID. Those people can’t sell because 1 the boat dropped more in value than normal because they overpaid. 2 If you sell that overpriced boat probably for less than you want when go to get a new boat the interest rates make it undoable. The people who trade every 3 or 4 years are stuck. They are not buying new boats.
People selling their boats every year is an ego thing to keep up with the Jones.
Absolutely makes no sense, and please don't say you have a boat deal ( that's for everyone except the 1%)
I can see every 2 to 3 years, not every year.
You people who have boat deals Crack me up. Here was my boat deals in the day, they don't give you a boat they tell you what the minimum is and you use it and sale it and pay it off keep the rest towards next season. But that doesn't work today. Electronics etc. Cost to much.
I’m sorry to disagree but the reason I get a discount through my boat sponsor is because they know they can count on my one boat sale each year. That incentivizes me to sell my “slightly” used boat which I can sell at a reasonable price because of the discounts I’ve received not only from the boat company but the motor company and on the power poles, the electronics etc.
I’m not at a level of getting memo deals but it certainly isn’t an ego thing either. I’m working just to break even each year!
@markfisheroutdoors there you go. You agreed with me without knowing. The dealership you work with gets the boat sale you just mentioned, and you get the discount, right? So now interest rates are stupid, so is it a discount now?
2022 Ranger 520R interest rate on my boat 2.99% / 60 months $1138/ month payment why would I or anyone want to get rid of that low of interest to be in a new model which is exactly the same boat for 7 plus percent interest. Some people do math, and some don't. You did state you may keep the boat another year because you can't afford to let it go at these low boat market prices. Yes, it is a sense of pride and / or ego to be in a new boat every year or just whenever it's human nature, and yours may be just pride.
@@rickvann3489youre paying interest on an awfully depreciating asset. Not sure you have room to talk.
@MassReelFishing I guess you're missing it. 60 months, not 12 or 15 years. I have a tremendous amount of equity in my boat. So, no, my asset will yield cash versus those who are paying high interest and long long-term financing. I only lose if I tried to upgrade with these high interest rates. I'm good. The boat will be paid off Aug 2026.
Good luck to you
So, I am curious why pros buy and sell boats yearly, is this due to sponsorships? Wouldn't high level tourney anglers be better served financially keeping boats for multiple years, sounds like you might be doing just that? I have a smaller older aluminum boat, and looking at current prices, even used, I am going to stick with what I got. 60k+ for a new 18ft aluminum boat is crazy.
You’re right. There are economic periods were it’s a problem. ( and we’re in one of those periods now!) but yes, as I’ve explained to others, I get a discount on my boat, motor, electronics and power poles primarily because I operate as a “one boat per year” boat dealership. And if I’m successful at that task, I continue to get those discounts, which helps me sell the boat a more reasonable price. Theoretically!!!
The other factor I’ve experienced is the extreme use we put on boats by the end of a second tournament season…we’re starting to see issues and having issues when you’re fishing high stakes derby’s can be costly
Mercury laid off 17000 workers that’s what is happening. Market adjustment the bubble breaks
Covid boat sales under Trump vs Bidenomics.
In the spirit of being honest, mercury was working 3 shifts,24 hours a day to catch up to increased demand with low inventories. Those workers would have been laid off when things evened out no matter who was president. Politics aside.
Big big correction is starting to show, overpriced boats interest rates high, ? Witch boat manufacturer, is filing bankruptcy,I heard caymas, others going to follow,recession is here,till 2025 further,Where these fishermen ,get money to pay these rigs, is definitely buyers market,but vary few with funds